Also see: BofA, Dell: New Targets, Estimates
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advanced Micro Devices (AMD) was initiated with an Equal Weight rating at Evercore Partners. $8 price target. Reported share gains over the next few quarters may disappoint investor expectations, Evercore said.Calix (CALX) was initiated with a Buy rating at ThinkEquity. $25 price target. Company is a solid IP video play, ThinkEquity said. Complete Production (CPX) was initiated with an Overweight rating at JPMorgan. $42 price target. Company provides both operating leverage and rerating opportunity, JPMorgan said. Corn Products (CPO) was initiated with a Hold rating at Keybanc. National Starch acquisition should continue to add to earnings, Keybanc said. eBay (EBAY) was upgraded at Citigroup from Hold to Buy on valuation and regulatory risk removal. $38 price target. eBay was upgraded from Neutral to Buy at Bank of America/Merrill Lynch. $38 price target. Improving U.S. trends and attractive risk/reward, BofA/Merrill said. Hess (HES) was upgraded at Bank of America/Merrill Lynch to Buy. Stock appears inexpensive, following a recent selloff, BofA/Merrill said. $104 price target. Intel (INTC) was initiated with an Equal Weight rating at Evercore Partners. $24 price target. Company is in a lengthy transition period involving handsets and tablets, Evercore said. Liberty Starz (LSTZA) was upgraded at Barclays from Equal Weight to Overweight. $90 price target. Recent share price weakness creates an attractive entry point, Barclays said. Lululemon (LULU) was downgraded at Sterne Agee from Buy to Neutral. Stock appears fully valued at current price, Sterne Agee said. MercadoLibre (MELI) was upgraded at ThinkEquity from Hold to Buy. $90 price target. Pullback has created an attractive buying opportunity, ThinkEquity said. Silicon Laboratories (SLAB) was initiated with a Buy rating at UBS. $48 target price. Attractive business model and entry point, UBS said. End of report.
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